Renewable Energy Enhancement Act of 2006

The Renewable Energy Enhancement Act of 2006 (H.R. 5296) was a legislative proposal designed to expand and extend federal tax incentives for clean energy technologies. The bill aimed to keep tax credits in place through 2015 for homeowners and businesses investing in solar energy, fuel cells, and geothermal heat pumps.

For the average citizen, this bill would have increased the financial support available for making a home more energy-efficient. Specifically, it proposed raising the maximum tax credit for installing solar water heaters or photovoltaic panels from $2,000 to $5,000, significantly lowering the upfront cost of these systems. While the bill was introduced in May 2006 and referred to the House Committee on Ways and Means, it did not advance further during that session of Congress.